Legal & General Group Plc increased its stake in Sandstorm Gold Ltd. (NYSE:SAND - Free Report) by 22.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 240,926 shares of the company's stock after buying an additional 43,907 shares during the period. Legal & General Group Plc owned 0.08% of Sandstorm Gold worth $1,347,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the company. Lifeworks Advisors LLC purchased a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $57,000. Meixler Investment Management Ltd. acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold in the fourth quarter worth $72,000. Bank of New York Mellon Corp raised its holdings in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after buying an additional 2,416 shares during the last quarter. Finally, Fiduciary Family Office LLC acquired a new position in Sandstorm Gold in the fourth quarter worth approximately $93,000. Institutional investors own 51.97% of the company's stock.
Analyst Ratings Changes
SAND has been the subject of several recent analyst reports. Raymond James reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. HC Wainwright lowered their target price on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Scotiabank lifted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.06.
Read Our Latest Stock Analysis on SAND
Sandstorm Gold Price Performance
Shares of NYSE SAND traded down $0.15 during mid-day trading on Tuesday, hitting $8.39. 3,408,773 shares of the company's stock traded hands, compared to its average volume of 3,472,054. The company has a market capitalization of $2.46 billion, a P/E ratio of 167.83 and a beta of 0.90. Sandstorm Gold Ltd. has a 1 year low of $4.92 and a 1 year high of $8.82. The company's 50-day moving average is $7.14 and its two-hundred day moving average is $6.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $47.40 million during the quarter, compared to analyst estimates of $67.49 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's payout ratio is currently 100.00%.
About Sandstorm Gold
(
Free Report)
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.
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